Abstract
The NuTeV Collaboration has observed an excess in their di-muon channel, possibly
corresponding to a long-lived neutral particle with only weak interactions and which
decays to muon pairs. We show that this can not be explained by pair production
of neutralinos in the target followed by their decay far downstream in the detector
via a LLE R-parity violating (RPV) operator, as suggested in the literature. In
the parameter region allowed by LEP the event rate is far too small. We propose
instead a new neutralino production method via B-mesons, which can fully explain
the observation. This is analogous to neutrino production via -mesons. This
model can be completely tested and thus also possibly excluded with NOMAD
data. If it is excluded, the NuTeV observation is most likely not due to physics
beyond the Standard Model. Our model can also be tested at the current and
future B-factories. This opens up a new way of testing a long-lived neutralino LSP
at fixed-target experiments and thus a possibility to close the gap between collider
and cosmological tests of R-parity violation. We also discuss a possible explanation
in terms of a neutral heavy lepton mixing with the Standard Model neutrinos. The
flavour structure of the observation can be accounted for but the production rate is
far too low.